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USD/CHF remains near to 200-day MA at 0.9640

FXStreet (San Francisco) - After trading near the level of the 200-day MA at 0.9640, on oscillating movements along the whole session, the USD/CHF is now trying to test daily highs around 0.9670.

Currently, USD/CHF is trading at 0.9659, up 0.15% on the day, having posted a daily high at 0.9675 and low at 0.9622. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is strongly bullish.

USD/CHF sentiment

According to Adam Button from ForexLive, "the dollar uptrend should continue until U.S gets negative news on inflation." So, in the short term, resistances come at 0.9670, 0.9700 and 0.9740.

To the downside, supports are at 0.9625, 0.9615 and 0.9600.

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